The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the U.S. stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600. {chart}The release of new job data caused the U.S. stock market to slump in mid-day. Nonfarm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%. Despite the optimistic job data, analysts are seemingly concerned that the job market is not growing fast enough. Since the pandemic began in March, the U.S. still has 13 million unemployed individuals. A variety of factors affected Bitcoin Over the past several ... (full story)